Overview of the Egmont Group Of Financial Intelligence Units The Egmont Group of Financial Intelligence Units is an important global financial network. Comprising over 150 members FIUs from around the world, the group was founded in 1995 to formulate coordinated policies […]
Overview of the Wolfsberg Group The Wolfsberg Group, an association of 13 global banks, is one of the several non-governmental organisations that are involved in managing the international economy. The group was founded in 2000 with the aim of contributing […]
Financial Crime in Brazil: The Conselho de Controle de Atividades Financeiras (COAF) The Conselho de Controle de Atividades Financeiras (COAF) is Brazil’s national Financial Intelligence Unit (FIU) and is the supervisory body responsible for fighting financial crime. Founded in 1998 […]
What is AUSTRAC’s Role In The Fight Against Financial Crime? To help combat the growth of money laundering over the past several decades, Australia created a dedicated government department, the Australian Transaction Reports and Analysis Centre (AUSTRAC). This center, opened […]
The important role of HM Revenue and Customs (HMRC) What is HMRC? It is common knowledge that HM Revenue and Customs (HMRC) is responsible for regulating taxes, wages, and many other aspects of the financial sector in the United Kingdom. […]
The importance of anti money laundering policies With financial crime more prevalent than ever, it is important that both companies and governments develop tactics to curb it. Probably the most common way of doing so is to implement anti money […]
The Importance Of Financial Intelligence In the economic arena, financial intelligence, or FININT, is increasingly pivotal. With international financial crime near its highest level since the 2008 financial crisis, FININT has become ever more necessary as a tactic both for […]
What is Financial Misselling? In its most simple form, financial misselling means recklessly misrepresenting a product or service in order to successfully complete a sale. Financial products are usually “missold” in order to make an individual or company complete a […]
What is a Currency Transaction Report? When thinking about how financial institutions function, it is crucial to understand the concept and purpose of a currency transaction report, otherwise known as a CTR. A currency transaction report is a report made […]
What is MiFID II, and how has it Affected the European Investment Market One of the most influential laws enacted by the European Union to regulate the investment sector is the Markets in Financial Instruments Directive. This directive, which is […]
The Markets in Financial Instruments Directive (MiFID) was created in 2004 to replace the Investment Services Directive, and it was implemented in 2007. A new law, known as MiFID II, has since replaced MiFID. The EU hoped that the directive […]
The Effects Of Foreign Account Tax Compliance Act On Foreign Accounts The Foreign Account Tax Compliance Act (FATCA) is a federal law designed to counter tax evasion in the United States. Introduced in 2010, FATCA imposes a range of compliance […]
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